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94-8143r5 RESOLUTION NO. 8143 THE CITY OF RICHFIELD, MINNESOTA A RESOLUTION ESTABLISHING COMPENSATION FOR PARTIAL FEE TAKING AND AUTHORIZING PURCHASE OF PARTIAL FEE TAKING; 7700 12TH AVENUE PHASE IY - 77TH STREET PROJECT WHEREAS, the City of Richfield, Minnesota desires to purchase certain real property pursuant to and in furtherance of the 77th Street Project (Project) heretofore adopted by the City of Richfield (City) said real property being described in Exhibit A, attached hereto; and WHEREAS, the City has adopted an official map for improvements to 77th Street; and WHEREAS, the improvements to 77th Street necessitate the purchase of real property; and WHEREAS, the City is authorized by Minnesota Statutes to acquire real property within its jurisdiction; and WHEREAS, the Minnesota Department of Transportation (MnDOT) and Federal Highway Administration (FHWA) are funding this project; and WHEREAS, just compensation was set at $200 by the Council on April 11, 1994; and WHEREAS, negotiations have concluded with lessor and lessee each demanding $200. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota as follows: 1. That compensation is determined to be $400. 2. That the City Manager and Mayor are authorized to execute appropriate agreements. Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of May, 1994. ~ Mar in J. K sch, Mayor ATTEST % /~ T omas P. Ferber, City Clerk